Qatar Airways Signs $850m Aircraft Financing Deal

Photo Source: @Qatar Airways

Qatar Airways and Standard Chartered have signed a US$850 million financing deal for seven Boeing 787-9 aircraft.

“The bank has been a close partner of Qatar Airways for many years. It has proven its support for the airline by closing this transaction during difficult times resulting from COVID-19,” said Qatar Airways Group Chief Executive Akbar Al Baker.

“Qatar Airways focus remains on finding solutions to get as many people back to their homes to be with their families and loved ones during these difficult times and this is made possible by the support we have from so many people including our close partners such as Standard Chartered,” he added.

In an update on Tuesday, Qatar Airways said that since mid-February it has carried over one million passengers home on both scheduled and charter flights; and transported over 70,000 tonnes of medical supplies and aid relief.

The airline has helped repatriate over 45,000 passengers back home to France, 70,000 to Germany and over 100,000 customers to the United Kingdom.

The demand to help get stranded travelers home has also seen Qatar Airways operate flights to new destinations such as Brisbane, Christchurch and Toronto.

The national carrier of the State of Qatar continues to operate approximately 60 scheduled flights a day to around 40 destinations and is working closely with embassies across the globe to arrange charters to repatriate stranded citizens.